July 29, 2011

Ed Wilson quoted in Bloomberg

1 min

Venable partner Ed Wilson was quoted in a July 29, 2011 Bloomberg article about the possibility of the Treasury picking and choosing which bills to pay if the debt ceiling is not raised and the country goes into default.

Commenting on the decisions the Treasury would have to make, Wilson said, "It is logistically difficult to manage the payment stream in a way that minimizes the chances for a default...The closer you get to default, the less headroom there is in cash flow."